The Efficiency of Investing in Shares of Innovative Companies – the Case of Investment Funds Available in the Polish Market
Journal Title: Zeszyty Naukowe Wyższej Szkoły Bankowej w Poznaniu - Year 2018, Vol 79, Issue 2
Abstract
Given the growing interest of investors around the world in innovative companies, the purpose of the study described in this article is to examine the efficiency of investing in shares of companies with innovative characteristics by examining investment funds available in the Polish market. The efficiency of this investment strategy was measured using a number of assessment criteria used in risk-income analysis (expected rate of return, standard deviation, income per unit of risk) and specific portfolio management quality indicators (maximum drawdown, tracking error, additional rate of return, Jensen’s alpha, beta coefficient, information ratio and Sharpe’s ratio). The results obtained indicate that investments in innovative companies may be an interesting alternative to traditional forms of investment in the capital market.
Authors and Affiliations
Tomasz Nawrocki
Keywords
Related Articles
- EP ID EP390034
- DOI 10.26349/zn.wsb.w.poznaniu.0079.09
- Views 133
- Downloads 0
Internationalization of Small and Medium-sized Enterprises
The aim of this article is to systematize the theoretical knowledge about the internationalization of enterprises and to present statistical information describing the phenomenon. The considerations are divided into two...
The Impact of Migration-Related Threats on the Security of European Countries
The article is a reflection on the impact of European migration processes on the level of socio-political security of the state and its citizens. This problem stirs strong emotions, because for one part of society the pr...
Zielone łańcuchy dostaw w logistyce zwrotnej
Przedsiębiorstwa zaczynają stosować zasady logistyki ekologicznej, widząc w takim działaniu szansę poprawy swojej pozycji konkurencyjnej. Podstawy koncepcji logistyki zwrotnej, w której kładzie się nacisk na wtórne wykor...
Economic Conditions of Restructuring of Medical Entitie
A significant number of public hospitals in Poland systematically show losses on the basic medical activities. This is the reason for the growing debts in these hospitals. Their current level is estimated at approx. PLN...
Decentralization in Capital Groups constituting a special form of Networks
In this article categories of capital groups and networks are compared, and at the same time, it is demonstrated that in particular circumstances a capital group may be considered a special form of a network. In the abov...